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Dec 11, 2012
12/12
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liz: thank you for joining us. what does a bowl look like in a bear costume and how quickly can he come out swinging? as far as we can remember he has been a bowl and equities especially with everybody else seems to be abandoning ship. for the first time in years you're putting on the bear suit. >> it does not fit well on me. we've had this 1450 target all year. we are right near it now. we're just seeing more negatives in the near term. the fiscal cliff, even if they settle it, it will take some percentage of gdp. the worst case, two to three, maybe if they compromise in the middle. the meantime corporate all over the country it hit the pause button. hiring people, corporations, individuals, small businesses. we think the next story once we get through the fiscal cliff and breathe a sigh of relief is the economic numbers will come a little bit soft. liz: you have 30 billion in assets under management, we don't sit there paralyzed, do you? >> we have pulled ourselves into neutral and equities. telling people to hol
liz: thank you for joining us. what does a bowl look like in a bear costume and how quickly can he come out swinging? as far as we can remember he has been a bowl and equities especially with everybody else seems to be abandoning ship. for the first time in years you're putting on the bear suit. >> it does not fit well on me. we've had this 1450 target all year. we are right near it now. we're just seeing more negatives in the near term. the fiscal cliff, even if they settle it, it will...
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Dec 20, 2012
12/12
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charlie gasparino taking us through the day. when you got the first call yesterday and broke the story, what did you hear? charlie: the journal had a first headline, i heard something about this. i do not confirm the first interview but they had headlines of the merger. i was hearing it was a full out acquisition, the new york stock exchange getting bought by the intercontinental exchange and that blew me away. it is an amazing story. we fight for seconds here. going on the air, basically saying at the new york stock exchange about the taken over, this is not a merger of equalss, this is a takeover of the most venerable, one of the most venerable institutions in american finance, the new york stock exchange. it is been there since the old button agreement. [talking over each other] charlie: that is why they call it -- they became essentially a club of freighters under that and expanded to much bigger than a tree, beautiful headquarters, but here is the thing. when i started to digest it it was a phenomenal story. the intercontin
charlie gasparino taking us through the day. when you got the first call yesterday and broke the story, what did you hear? charlie: the journal had a first headline, i heard something about this. i do not confirm the first interview but they had headlines of the merger. i was hearing it was a full out acquisition, the new york stock exchange getting bought by the intercontinental exchange and that blew me away. it is an amazing story. we fight for seconds here. going on the air, basically...
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thank you so much for joining us on the floor show. a whole host of state leaders were at the white house talking to the president stressing the importance of getting a debt deal done before the end of the year. if the u.s. goes off of the fiscal cliff, their budgets, each of the state you live in would run amok especially the comes to funding everyday programs and running the entire state. last week during the governors on the edge series that is exactly what we addressed as we spoke with a number of state governors on this important issue. >> one thing we want to make sure people in washington understand is if all that is done is a cost shifting from the federal government to the state, it doesn't accomplish much because states are not in a position to pick up the extra costs. >> speaking as governor of the stage we execute. we have to get things done. unfortunately congress doesn't. they can throw rocks at each other and leave it for another day and kick the can down the road. governors have to get things done today. we would hope c
thank you so much for joining us on the floor show. a whole host of state leaders were at the white house talking to the president stressing the importance of getting a debt deal done before the end of the year. if the u.s. goes off of the fiscal cliff, their budgets, each of the state you live in would run amok especially the comes to funding everyday programs and running the entire state. last week during the governors on the edge series that is exactly what we addressed as we spoke with a...
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Dec 27, 2012
12/12
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we had to use that line. coal stocks have taaen a tumble in recent times as we know, but they could be poised for a comeback in 2013. mike duda, senior research analyst is joining me now -- mike dudas senior research analyst is joining me now to talk coal. the industry as a whole has been taken a beating. maybe this cold weather is helping, we will get into that, but why do you like some of these coal stocks for 2013? >> the stocks have had a really difficult time, but the stocks have been bottoming trying to make higher lows and higher highs and starting to discount i believe some better fundamentals in the industry. two major drivers for 2013, one the pricing and direction of natural gas in united states and secondly which could be more important the recovery in china for industrial production steel consumption and that would help. ashley: nat gas was so cheap it was ridiculous and actually killed coal but those prices have come up a little bit now. >> if we get a normal winter that will increase the amount
we had to use that line. coal stocks have taaen a tumble in recent times as we know, but they could be poised for a comeback in 2013. mike duda, senior research analyst is joining me now -- mike dudas senior research analyst is joining me now to talk coal. the industry as a whole has been taken a beating. maybe this cold weather is helping, we will get into that, but why do you like some of these coal stocks for 2013? >> the stocks have had a really difficult time, but the stocks have...
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Dec 13, 2012
12/12
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they want us to deal with this irresponsible way. liz: and that killed us. that was it for the market. i am liz claman it is the last hour of trading. "countdown to the closing bell" begins right now. the stocks are falling for the first time in seven days after the house speaker said it is all coming down to spending cuts. with just 18 days left for congress to make a deal, investors are taking speaker boehner's words to heart. dow jones industrials off of the session down 82-point but you can see the bull's have the edge early on. blue chips posting modest gains around 11:30 a.m. eastern the speaker got up front of the cameras and suddenly vanished, the rest was history. one name defined the laws of gravity. solar city, soaring up 1.5% today. this after a price cut and a one-day delay. they completed the ipo selling more than 11 million shares at $8 a pop. half of the expected range. we have both the chairman and ceo, actually cousins, coming up in the next hour. what they have to say. they did not put it off, you can see the big move. zero plate to qualit
they want us to deal with this irresponsible way. liz: and that killed us. that was it for the market. i am liz claman it is the last hour of trading. "countdown to the closing bell" begins right now. the stocks are falling for the first time in seven days after the house speaker said it is all coming down to spending cuts. with just 18 days left for congress to make a deal, investors are taking speaker boehner's words to heart. dow jones industrials off of the session down 82-point...
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Dec 19, 2012
12/12
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>> speaker john boehner woke us up. i expected after the brief statement that he made the market would come in much more than it has. i am kind of impressed we haven't seen the market down quite significantly. it means we will look at a nice year-end rally. liz: all w he did was speak 45 seconds. we are coming off of two days of double-digit jumps in the dow jones industrial in the rearview mirror. but let me quickly ask you, volatility of about six or 7% depending on what second you're looking at it when a day for most of it the market was meandering. >> remember where we are at. coming at the end of the year, a lot of traders have hung up their books, does not take much to move the market one way or another. i do agree, this market is a santa claus rally. the market saying fiscal cliff, so what. more income means spending cuts and the politicians will eventually get it together. playing poker with each other, john boehner hurt the market when he said the market will take a nosedive tomorrow. this will go back and fort
>> speaker john boehner woke us up. i expected after the brief statement that he made the market would come in much more than it has. i am kind of impressed we haven't seen the market down quite significantly. it means we will look at a nice year-end rally. liz: all w he did was speak 45 seconds. we are coming off of two days of double-digit jumps in the dow jones industrial in the rearview mirror. but let me quickly ask you, volatility of about six or 7% depending on what second you're...
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Dec 31, 2012
12/12
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thank you for joining us. the framework adjusted tailed, do you think it's something you could get behind? >> the president has repeatedly famously said that we can cut our way to prosperity and, of course, the flip side of that is even more true which is that we cannot tax our way to prosperity although mcconnell said that the tax portion is already worked out and agree upon, if you think about it, what have they really agreed upon? the agreed upon taxing small businesses continuously. the continuing for the tax preferences for all large businesses. large businesses get away easy, scot-free. your small businesses have to see their taxes go up. i don't think that's the way to bring it to prosperity or create more jobs or turn the economy around. >> tomorrow all the rates go up, and this is not tax cuts starting in about 13 hours or so it would have been something really easy that we could have done a month ago, simply say keep the tax rates where they are right now for everyone, you, me, everybody. keep the ra
thank you for joining us. the framework adjusted tailed, do you think it's something you could get behind? >> the president has repeatedly famously said that we can cut our way to prosperity and, of course, the flip side of that is even more true which is that we cannot tax our way to prosperity although mcconnell said that the tax portion is already worked out and agree upon, if you think about it, what have they really agreed upon? the agreed upon taxing small businesses continuously....
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Dec 26, 2012
12/12
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joining us, chief investment officer of security for lou. joining us by phone. two years we will be bumbling along. whether we hit a deal or not. what makes you say that? >> it is about several things. global growth slowing, debt levels and developed economies are high. starting the next area in the government sectors. tax rates are going up, so when you combine those things together, to makes for potential recessionary conditions. we have had markets bubbling across the world in the last three and a half years, time to take a breather in my opinion. ashley: you see us and they won't get past the september highs. you truly believe that? >> i do. you go back to what the market will do, the recessionary conditions for the present and the market tends to go down, not up. we look at the recession going into one, around nine months on average, the market tends to decline over 15 to 18 months which tells me september and october represented the highs, we will be looking at 2014 before we see the lows and probably 2015 before we can exceed those highs. ashley: gdp drop
joining us, chief investment officer of security for lou. joining us by phone. two years we will be bumbling along. whether we hit a deal or not. what makes you say that? >> it is about several things. global growth slowing, debt levels and developed economies are high. starting the next area in the government sectors. tax rates are going up, so when you combine those things together, to makes for potential recessionary conditions. we have had markets bubbling across the world in the last...
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he joined us on fox business. we go back, you have a passion for coaching back in the day when you were at dartmouth, a split interview because we have to hear what is going on when it comes to the actual trader and layoffs that banks. the biggest trend since we talked is all these companies are fast tracking dividends to be the fiscal cliff clock. is that spurring people to get off of the sidelines and trade stocks? they see any change or trend? >> reality on something like that, and the entire market was well aware of where obama was headed and once he won the election it was a reaction in the market. the client base is difficult to make the right decision, you don't know what the facts are. will be a question later on. there has not been a lot of trading in dividend stocks and because of the reason for that, an overriding concern what is going on with the fiscal cliff. people waiting to find out what is going to happen. liz: from your perspective and you guys are among the biggest, you're not seeing people jump
he joined us on fox business. we go back, you have a passion for coaching back in the day when you were at dartmouth, a split interview because we have to hear what is going on when it comes to the actual trader and layoffs that banks. the biggest trend since we talked is all these companies are fast tracking dividends to be the fiscal cliff clock. is that spurring people to get off of the sidelines and trade stocks? they see any change or trend? >> reality on something like that, and the...
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Dec 18, 2012
12/12
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he's going to be joining us here to tell us how he did it coming right up. liz: could have would have should have; right? let's go to nicole at the new york stock exchange. let's start with oracle because we're waiting on earnings from them. nicole: a lot of folks are expecting some good numbers out of oracle, also a great economic indicator, a bellwether because their quarter ended on november 30th, a good indication of how worried people were about the fiscal cliff. david: let's talk about individual stocks, on news that nielsen ratings system is going to be buying arbitron is up.
he's going to be joining us here to tell us how he did it coming right up. liz: could have would have should have; right? let's go to nicole at the new york stock exchange. let's start with oracle because we're waiting on earnings from them. nicole: a lot of folks are expecting some good numbers out of oracle, also a great economic indicator, a bellwether because their quarter ended on november 30th, a good indication of how worried people were about the fiscal cliff. david: let's talk about...
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could use the cash to do so? >> we all hate to have our fingers slammed. you can look to see what amount they are authorized buyback. liz: let's put up the names you feel the next candidates. why, quickly. >> because they feel that authorizes certain amount of buyback. it is most efficient use of their cash right now. if you simply say how could i possibly boost my etf with the least amount of cash used to do that, these companies come up. i am putting my cfo hat on imagining how i would be, convincing them that this would be the best way to use our cash the next coming year. liz: we will put the names up on our facebook.com/liz claman page. we appreciate it. good to see you. senior portfolio manager, quick mention in apple session lows right now down about 5.5% in the guinness was the company for the annual high of $705 cover right now $5.42. the closing bell ringing in 16 minutes. melissa: the dow is a big mover. often the height of the session. what are you looking at? nicole: up 91 points. on the intraday cha
could use the cash to do so? >> we all hate to have our fingers slammed. you can look to see what amount they are authorized buyback. liz: let's put up the names you feel the next candidates. why, quickly. >> because they feel that authorizes certain amount of buyback. it is most efficient use of their cash right now. if you simply say how could i possibly boost my etf with the least amount of cash used to do that, these companies come up. i am putting my cfo hat on imagining how i...
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Dec 17, 2012
12/12
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it is really big business for us. liz: well, it has to be. you open up these pop-up stores, these little gift centers, that do very well. now, the big story is you will try to go national. have you tried this before? >> in the 1990s. it was in the midwest. at that time, the competition was a little bit different than what it is today. the brandt was not quite as well known. california had a very growing population. the opportunities for the business was really back in the west coast during those years. they collected to pull back and focus on the west and, at this point, we now see the land scape a little differently and we are very excited and open to several stores in texas this year, as well as oklahoma. they are doing terrific. liz: these are the lucky states florida, georgia, pennsylvania and maryland. how did you choose those four states? >> we actually started in texas this year. two in dallas and two in houston and one in san antonio. liz: i am talking east coast. i am a california girl. it is unbelievable how everyone there knows the
it is really big business for us. liz: well, it has to be. you open up these pop-up stores, these little gift centers, that do very well. now, the big story is you will try to go national. have you tried this before? >> in the 1990s. it was in the midwest. at that time, the competition was a little bit different than what it is today. the brandt was not quite as well known. california had a very growing population. the opportunities for the business was really back in the west coast...
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joining us from stanford, california, martin feldstein. thank you for being with us. the republicans now responding. negotiations well underway to avoid a fiscal cliff. to your point, you recently said, even if we reach a deal, the economy is still at series risk of a recession. >> that is right. we are looking at and economy that is very weak. growth was very disappointed. less than 2% real gdp growth in 2012. we will be struggling to achieve that next year, even without hitting the economy with more fiscal bad news. if we go over the cliff, it is really a major downturn. uncertainty remains about what is coming next. put that all together and we could certainly be put on the edge of a recession. lori: that manufacturing number coming in the low 50s, singling contraction. is that the first signal that this economy really is in trouble? >> certainly not the first signal. household earnings down. real disposable personal income has not increased since may. we are really looking at an economy that is weak. ooly thing keeping keeping consumer spending going is that house
joining us from stanford, california, martin feldstein. thank you for being with us. the republicans now responding. negotiations well underway to avoid a fiscal cliff. to your point, you recently said, even if we reach a deal, the economy is still at series risk of a recession. >> that is right. we are looking at and economy that is very weak. growth was very disappointed. less than 2% real gdp growth in 2012. we will be struggling to achieve that next year, even without hitting the...
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Dec 14, 2012
12/12
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please work with us. we will continue forth until the president takes the airways, but we have to focus on apple. what went wrong in apple in china. where are they huge crowds of people tripping over themselves to get the new iphone five? after all, 300,000 reorders. 300,000. it sounds like a lot, but there are some are calling this launch this news, even a dad. will this further erode the stock which has plummeted 28% since that september? we decided to go beyond this. of the chinese over it? some months, the apple turnout, not at all what it was cracked up to be. investors are voting with their wallets. apple shares are down. just a couple of percentage points. important to know this is trading in a nine month low. add another 4 percent today, the negative comments adding to the selling pressure. the firm cutting its 2013 estimates and lowering its price target. we know that maybe the huge ones are not so huge in china because apple instituted an online reservation system. folks, let's not ignore it. th
please work with us. we will continue forth until the president takes the airways, but we have to focus on apple. what went wrong in apple in china. where are they huge crowds of people tripping over themselves to get the new iphone five? after all, 300,000 reorders. 300,000. it sounds like a lot, but there are some are calling this launch this news, even a dad. will this further erode the stock which has plummeted 28% since that september? we decided to go beyond this. of the chinese over it?...
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Dec 24, 2012
12/12
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y our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. ashley: welcome back, everybody. the managing director. thank you for sttcking around with us. a good holiday season, not great so far. what about the impact of super storm sandy? the northeast and mid-atlantic make up 24% national retail sales. how much did that factor in? >> it had a big drag effect on the holiday season. we clearly saw that when the retailers report their monthly sales have talked a lot about the sales rate below expectations for november. and it has overall negative impact anyway just from a sentiment standpoint. people feel lousy. the tragedy in newtown, connecticut, was just awful. that puts everybody in a negative spirit in some respects. ashley: what about the psyche of the consumer with regards to consumer confidence in the sambar hit a six-month low. the economy still struggling, unemployment still high. people walking around the stores but maybe not buying as much, is that a factor
y our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. ashley: welcome back, everybody. the managing director. thank you for sttcking around with us. a good holiday season, not great so far. what about the impact of super storm sandy? the northeast and mid-atlantic make up 24% national retail sales. how much did that factor in? >> it had a big drag effect on the holiday season. we clearly saw that when the retailers...
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Dec 10, 2012
12/12
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thank you so much for joining us on the floor show. at least though both are winning. apple. it has been the headline almost every single day for the past six months. we have heard of too big to fail. are some companies just too big to succeed? my next guest says once a company gets to the top, there is nowhere to go but down. what does that mean for all of you apple watchers. joining me now is robert arnott. it is great to have you. so glad you are here to discuss this. i can hear people screaming right now. what do you mean. apple has to go higher. what is your premise here? >> firstly, a lot of credit goes to my co-author on this study. she did all the heavy lifting on this. historically and ask a very simple question. when a company gets to be the largest in its sector, the largest in his country or the largest in its world and that is something we have always known. a great company is not always a great investment. what we find is no top dog has ever stayed top dog and, if you have a top dog, it winds up being targeted by regulators, targeted by pundits, targeted by comp
thank you so much for joining us on the floor show. at least though both are winning. apple. it has been the headline almost every single day for the past six months. we have heard of too big to fail. are some companies just too big to succeed? my next guest says once a company gets to the top, there is nowhere to go but down. what does that mean for all of you apple watchers. joining me now is robert arnott. it is great to have you. so glad you are here to discuss this. i can hear people...
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Dec 28, 2012
12/12
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i love wisconsin, used to live in green bay, ken, thank you so much. tell me, what do you like when it comes to the retailers in 2013, what's the pick, and explain to me why. >> sure. i think the first place to start is to recognize that we're in an uncertain environment, and it's likely to stay that way given the news flow that we have. we're trying to take a balanced approach, first off, look for well-managed bids business -- businesses, and then can we find areas that may not be impacted by how strong the economy is? will consumers continue to spend with fast growth or slow growth in the united states? one to do well in the environment is the auto parts retailers. in particular we like o'reilly automotive, it's a well-managed business with the ability to grow their store base, and when you think about their customer who needs a car to get to work, who continues to put off the purchase of a new car, really, you know, it's not as impacted by how fast the economy grows. the ability to grow the store base, grow seas in the individual stores every year,
i love wisconsin, used to live in green bay, ken, thank you so much. tell me, what do you like when it comes to the retailers in 2013, what's the pick, and explain to me why. >> sure. i think the first place to start is to recognize that we're in an uncertain environment, and it's likely to stay that way given the news flow that we have. we're trying to take a balanced approach, first off, look for well-managed bids business -- businesses, and then can we find areas that may not be...
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what sources are telling us. they believe you cannot get that type of consistent success, the notion that every year, basically, posting game, posting gains within not massive volatility. 50%. cheryl: you are very clever and breaking the law. charlie: they do not believe you can do that without insider trading. this is a mindset that pervades each one of these of the sec enforcement chief to the fbi people working on the cases to the justice department. they match up returns of these various guys. they say look at roche, look at how he did this and look at steve cohen. they believe it is just mathematically impossible to beat the markets every year. since the inception, steve cohen has had one down year. that was 2008. he lost 19%. steve cohen when all cash. that was the year of the financial crisis. when these all the stuff coming, he probably just sold a lot of it. he saw it early. there were only a few people that's all it as early as he did. he probably took losses on his position. that is why he lost a lot o
what sources are telling us. they believe you cannot get that type of consistent success, the notion that every year, basically, posting game, posting gains within not massive volatility. 50%. cheryl: you are very clever and breaking the law. charlie: they do not believe you can do that without insider trading. this is a mindset that pervades each one of these of the sec enforcement chief to the fbi people working on the cases to the justice department. they match up returns of these various...
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Dec 12, 2012
12/12
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take a look at the financials, giving us a sense of how sensitive it got. as you can see, pulled back half a percent to the upside at the moment. bank of america, jpmorgan, citigroup, wells fargo, all of them in the green but not as far as they have been. in economically sensitive group. up about 1.5%. similar story for dupont, gold corporation holding onto most of its leads. let's find out what the traders made of it. you were there in the thick of it at the new york stock exchange. >> as you say, he hadn't said hello and left us at the altar started talking. this is the difference between what the policy says and the reality underneath the policy when the fed chairman, ben explains what they're doing. number one is that we determined the advocacy of the e-zines is not doing the trick, they will go to plan b., whatever that is. he said they do not have an unlimited bazooka so to speak to do this. that put a reality on the market. ultimately what will happen is they will put in a lot of money out to the marketplace for some time to come, and now have tied t
take a look at the financials, giving us a sense of how sensitive it got. as you can see, pulled back half a percent to the upside at the moment. bank of america, jpmorgan, citigroup, wells fargo, all of them in the green but not as far as they have been. in economically sensitive group. up about 1.5%. similar story for dupont, gold corporation holding onto most of its leads. let's find out what the traders made of it. you were there in the thick of it at the new york stock exchange. >>...
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Dec 21, 2012
12/12
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everyone is used to the blue screen of death. we run the new york stock exchange, most bank trading platforms. %-the chips that would be in the pc or a standard commoditize server. lower-cost hardware, able to bring in some critical applications. rather than running a mainframe, which is obviously very expensive and relatively poor performance, we can offer very high performance until the economics of low-cost commodity hardware. liz: a comfortable margin on the revenue, you matched on the eps. these numbers for subscription revenues looking very healthy. an acquisition for more than $100 million. things are looking good. let me ask you a leadership or ceo question. when you hear ceos come on this business network were some of the others and say there is so much uncertainty, we are not hiring, we are not spending. no capital expenditure. we are paralyzed at the moment because of washington dc. and you guys seem to be just cooking along. what you say on your breatt about those leaders? is that a blaming technique for their inabili
everyone is used to the blue screen of death. we run the new york stock exchange, most bank trading platforms. %-the chips that would be in the pc or a standard commoditize server. lower-cost hardware, able to bring in some critical applications. rather than running a mainframe, which is obviously very expensive and relatively poor performance, we can offer very high performance until the economics of low-cost commodity hardware. liz: a comfortable margin on the revenue, you matched on the eps....